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Free AccessMNI Asian Morning FI Technical Analysis
20 September 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) Above 97.880 To Shift Focus To 97.950
*RES 4: 97.935 - Hourly resistance Sept 14
*RES 3: 97.880 - Low Sept 14 now resistance
*RES 2: 97.865 - Hourly resistance Sept 15
*RES 1: 97.820 - High Sept 18
*PRICE: 97.780 @ 2130GMT
*SUP 1: 97.780 - Hourly support Sept 19
*SUP 2: 97.770 - Low Dec 17 2015, 2017 Low Sept 19
*SUP 3: 97.660 - Daily Bear channel base
*SUP 4: 97.605 - 2015 Low Dec 12
*COMMENTARY: The daily bear channel top capping rallies left the contract
looking heavy last week resulting in fresh 2017 lows again Tuesday and bears
focused on the daily bear channel base and then 2015 lows. The Bollinger base
(97.813) is the key concern for bears with potential to limit follow through.
Bulls continue to look for a close above 97.880 to ease bearish pressure and
hint at a correction back to 97.935-965.
AUSSIE 10-YR TECHS: (Z17) Bulls Need Close Above 97.2325
*RES 4: 97.2900 - Hourly resistance Sept 14
*RES 3: 97.2325 - Hourly resistance Sept 15
*RES 2: 97.2100 - Monthly Low July 20 now resistance
*RES 1: 97.1850 - Hourly resistance Sept 18
*PRICE: 97.1500 @ 2130GMT
*SUP 1: 97.1450 - Low Sept 19
*SUP 2: 97.0600 - High Mar 10 now support
*SUP 3: 96.9875 - 2017 Low Mar 10
*SUP 4: 96.8850 - Low July 14 2015
*COMMENTARY: The contract remains a little heavy having broken the 97.1650
support and immediate focus now on the 97.0600 support. The Bollinger base
(97.1678) is the key concern for bears with potential to limit follow through.
Layers of resistance remain and weigh with bulls continuing to look for a close
above 97.2325 to ease immediate bearish pressure and hint at a bounce back to
97.3180-4500 where key DMAs are noted.
US 10-YR FUTURE TECHS: (Z17) Resistance Layers Continue To Build
*RES 4: 126-270 - Hourly resistance Sept 12
*RES 3: 126-180 - Hourly resistance Sept 13 & 15
*RES 2: 126-090 - High Sept 18
*RES 1: 126-020 - Hourly resistance Sept 19
*PRICE: 125-300 @ 2130GMT
*SUP 1: 125-270 - 100-DMA, Bollinger band base
*SUP 2: 125-260 - 55-WMA
*SUP 3: 125-210 - Low Aug 16
*SUP 4: 125-170 - Low Aug 8
*COMMENTARY: The sell-off from 127-280 continues with the close below the 55-DMA
(126-000) seeing immediate pressure on the 55-WMA and 100-DMA. Bears now look
for a close below 125-170 to confirm breaks of these supports and hint at a move
back to 2017 lows with below 125-040 to confirm. O/S daily studies and the
Bollinger base are key concerns for bears. Bulls continue to look for a close
above 126-090 to ease bearish pressure and above 126-270 to shift focus higher.
US 10-YR YIELD TECHS: Focus On Bear Channel Top
*RES 4: 2.290 - High Aug 4
*RES 3: 2.261 - Bollinger band top
*RES 2: 2.255 - Daily Bear channel top
*RES 1: 2.246 - High Sept 19
*PRICE: 2.246 @ 2130GMT
*SUP 1: 2.230 - Hourly resistance Sept 20 now support
*SUP 2: 2.208 - Low Sept 18
*SUP 3: 2.171 - Hourly resistance Sept 13 now support
*SUP 4: 2.143 - Hourly support Sept 12
*COMMENTARY: The close above 55 (2.234) & 100 (2.239) DMAs adds to bullish
confidence with immediate pressure on the daily bear channel top off Mar 14
highs coming in at 2.255 today. Bulls need a close above to confirm immediate
focus on 2.290 and overall focus on 2.332-337 where the 200-DMA is located.
Bears still need a close below 2.208 to ease bullish pressure and below 2.118 to
shift focus back to 2017 lows.
JGB TECHS: (Z17) 150.66 & 151.09 Levels Key
*RES 4: 151.26 - High Sept 11
*RES 3: 151.09 - Hourly support Sept 12 now resistance
*RES 2: 150.99 - Hourly resistance Sept 12
*RES 1: 150.90 - Hourly support Sept 1 now resistance
*PRICE: 150.75 @ 2130GMT
*SUP 1: 150.69 - Low Sept 14
*SUP 2: 150.68 - 55-WMA
*SUP 3: 150.66 - Low Aug 23
*SUP 4: 150.64 - Bollinger band base
*COMMENTARY: The correction lower from 2017 highs is now hesitating ahead of the
150.66 support with key DMAs clustered 150.42-57 below. The Bollinger base is
the key concern for bears with potential to limit follow through. Bulls continue
to look for a close above 151.09 to hint at a move back to 2017 highs with above
151.26 confirming. Below 150.33 is needed to see bears targeting 2017 lows.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.